Atha Energy CEO Troy Boisjoli joined Steve Darling from Proactive to share news the company has announced announced the completion of additional claim staking at the company's Angilak Project in Nunavut, increasing the project area to 158,447 hectares. The newly acquired land includes the entire Lac 50 structural corridor and an additional parallel corridor, both connected to the Snowbird Tectonic Zone, a deep crustal structure extending from the Athabasca Basin—home to some of the world’s largest and highest-grade uranium deposits—through to the Angikuni Basin, which hosts the Lac 50 Uranium Deposit.
Boisjoli noted that drilling by Latitude Uranium at Angilak in 2023 yielded impressive results, including grades of up to 7.54% U3O8 over 1.6 meters. The 2024 Angilak Exploration Program, which concluded after completing twenty-five diamond drill holes totaling approximately 10,051 meters between early June and late August, successfully achieved its key objectives. These included expanding the historic footprint of mineralization along the Lac 50 Trend and identifying new parallel mineralized trends, including the Lac 48, Lac 52, and Lac 54 Trends.
The expanded project and successful exploration program underscore the potential of Angilak as a significant uranium prospect in the region, building on its strategic location within a highly prospective geological setting.